News

19th July: Regretfully, the paying-in point at the Berwick Youth Project has had to close. We are looking for a new location for a Berwick PiP as a matter of urgency.

18th July: As at the end of June, we had:
* 464 members (421 adult, 43 junior)
* Total savings of £200,900 with £96,100 out on loan
* and over the past three months, we have made 21 loans totalling £37,900

29th June: Changes to Office Hours – with effect from 1st August, the Stobhill office will be open Weds, Fri and 2nd & 4th Mondays of the month 9am – 12noon. The Stobhill Paying-In Point (PiP) will still operate on Tuesdays 10am – 12noon.

22nd April: Coming up on Lionheart Radio tomorrow 5pm…  Have you ever wondered what a Credit Union is for?  Why is it different from a bank?  How can it save people from going to payday lenders, or loan sharks? What does it mean to join a Credit Union? To find out, and to learn more,  join Simon Nolan on Monday Mix in a conversation with Chris Wilson who runs the Alnwick branch of the Northumberland Credit Union.

30th March: We don’t routinely do instant loans – but we do have a pot of money called the “Repossession Prevention Fund” which is available to give five year interest-free loans to people in mortgage or rent arrears. It isn’t suitable for people in deep debt trouble – since you have to repay the loan AND continue to keep up with your ongoing mortgage or rent payments.

Eligibility for loans is assessed by the Citizens’ Advice Bureaux – we just manage the loans – so contact your CAB (in Northumberland) if interested.

19th March: Opening hours at our Stobhill office and now back to normal – the Mondays and Fridays plus 2nd & 4th Wednesdays 9am – 12noon – and the Morpeth-Stobhill paying-in point Tuesdays 10-12noon. 
Emails and phone messages will be regularly monitored and all other paying-in points continue to operate normally.

27th February: AGM postponed till Thursday 22nd March due to heavy snow across the county

3rd February: Due to staff convalescence, our Stobhill office will only be open Tuesdays 10-12noon, Wednesdays 9-12noon and Fridays 9am-12noon until the end of February.
Emails and phone messages will be regularly monitored and all the paying-in points will be operating normally.

15th January: Our 2018 AGM – now postponed to Tues 20th March – 7pm at Morpeth Methodist Church. Agenda papers can be downloaded here

5th January: The newsletter and Annual statements will be going out to all members shortly. You can also download the newsletter here. 

2nd January: A Happy and financially stable 2018 from all at Northumberland Credit Union

14th December: Our Office in Stobhill will be closed for Christmas from noon on Tuesday 19th Dec until 9am on Monday 9th January. Emails to info@ncul.co.uk and phone messages will be monitored over the holiday season.

2nd October 2017: Welcome to our refurbished and relaunched website. Do let us know what you think of it! We welcome suggestions for improvements.

1st October 2017: Our loan interest rate increases to 1.25% per calendar month on the outstanding balance (16.1% APR) from today. This is due to the loss of grantfunding from Northumberland CC, but we believe it is still one of the lowest interest rates available for loans up to £3000. Pre-existing loans will continue to be charged at 1% interest per calendar month.